Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
General aviation association leaders cited the many negative effects of a proposed 10 percent luxury tax on GA aircraft during testimony in late May.
Covid has pressured bizliner activity in the Middle East, but the aircraft remain durable.
State senator that filed bill to impose a $1,000 landing fee on general aviation aircraft concedes it needs exemptions and would be mooted by federal laws.
Aircraft operators say European Union states are making them carry most of the burden for Covid-related losses by air navigation service providers.
After years of advocacy by the bizav industry, the U.S. IRS recently shifted its position on federal excise taxes largely in favor of aircraft owners.
Massachusetts legislators are floating bills that would impose a landing fee on general aviation aircraft and repeal a sales tax exemption for aircraft.
The 50-50 joint venture between ST Engineering and Tamasek will focus on narrowbody P2F conversions.
The European airframer expresses the need to change the “unhealthy” market balance between itself and Boeing in the all-cargo aircraft market.
Business, personal, and other general aviation aircraft are set to be included in the Canadian government’s luxury tax that goes into effect next year.
Funding for aircraft acquisitions will continue unabated as the pandemic eases, according to Boeing’s latest finance forecast.